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By Nicole Goodkind and Paul R. La Monica, CNN The US could be approaching a 2011-style debt ceiling market meltdown, but worried investors shouldn’t abandon ship, Wall Street analysts say. Instead, they should jump on a ship (hypothetically speaking) and plant their money in overseas equities. What’s happening: The US government has hit its $31.4
Continue ReadingCNN By Nicole Goodkind and Paul R. La Monica, CNN The US could be approaching a 2011-style debt ceiling market meltdown, but worried investors shouldn’t abandon ship, Wall Street analysts say. Instead, they should jump on a ship (hypothetically speaking) and plant their money in overseas equities. What’s happening: The US government has hit its
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COPENHAGEN, Denmark (AP) — Norwegian authorities have released a former high-ranking member of the Russian private military contractor Wagner Group who has sought asylum after entering the Scandinavian country illegally. Andrey Medvedev was released from a detention center “against an order for a specific place of residence.” Medvedev, who says he fears for his life
Continue ReadingBy Diksha Madhok, CNN India’s Adani Group has denounced allegations of fraud made by Hindenburg Research as “baseless” and a “malicious combination of selective misinformation,” and is considering legal action against the US-based short seller. Hindenburg Research published an investigation on billionaire Gautam Adani’s sprawling conglomerate on Tuesday, accusing it of “brazen stock manipulation and
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By KELVIN CHAN Associated Press LONDON (AP) — Amazon warehouse workers went on strike for the first time in Britain on Wednesday because of a dispute over pay and working conditions, adding to a wave of industrial labor action across the country fueled by the soaring cost of living. Union members voted to walk off
Continue Reading By KELVIN CHAN Associated Press LONDON (AP) — Amazon warehouse workers went on strike for the first time in Britain on Wednesday because of a dispute over pay and working conditions, adding to a wave of industrial labor action across the country fueled by the soaring cost of living. Union members voted to walk off
Continue Reading By DAVID KOENIG AP Airlines Writer Boeing is reporting a loss of $663 million in the fourth quarter. Revenue is up, but so are production costs as Boeing struggles with supply-chain problems. Boeing reported fourth-quarter results on Wednesday, and it was another disappointing quarter for the aerospace giant. The loss is a surprise to analysts,
Continue Reading By CALVIN WOODWARD and CHRIS MEGERIAN Associated Press WASHINGTON (AP) — Democrats responded with aggrieved fury when former President Donald Trump was found in possession of classified documents that should have been turned over to the government when he left office. Then disclosures that President Joe Biden also mishandled secret papers set loose a Republican
Continue Reading BEIRUT (AP) — U.S.-backed Kurdish-led fighters in northeastern Syria have launched an operation against suspected Islamic State militants in the area in retaliation for an attack by the extremist group there last month, according to a statement. Syrian Democratic Forces said they raided “dozens of potential points and hideouts” in the city Raqqa and the
Continue Reading By NICOLE WINFIELD Associated Press VATICAN CITY (AP) — Pope Francis has shed light on the Catholic Church’s handling of sex abuse allegations against East Timor’s Nobel Peace Prize-winning independence hero. He suggested that the man was indeed allowed to retire early rather than face prosecution or punishment. Francis made the revelation in a wide-ranging
Continue Reading By BHARATHA MALLAWARACHI Associated Press COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka’s Central Bank chief says the country is making good progress in talks with its creditors to obtain financial assurances for debt restructuring, an important step toward finalizing an International Monetary Fund rescue plan. Sri Lanka is bankrupt and has suspended repayment of
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Sofía Benavides (CNN) — Paris Hilton anunció el nacimiento de su primer hijo con su marido Carter Reum.. La celebridad compartió en Instagram una imagen de la mano de un bebé agarrando el pulgar de una mujer este martes, junto a la frase “Ya eres amado más allá de las palabras” y un emoji de
Continue ReadingBy Chris Isidore, CNN Boeing reported a $650 million operating loss in the fourth quarter, surprising Wall Street analysts who had expected the aircraft giant to turn a profit. The company blamed the unexpected loss on “abnormal production costs” as it tried both to deliver the remaining backlog of 737 Max jets and to step
Continue Reading By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The economic outlook has brightened in Europe’s largest economy. The German government on Wednesday raised its estimate for growth next year to an 0.2% expansion from a 0.4% contraction as the country manages its energy divorce from Russia and shells out support for consumers and
Continue Reading VATICAN CITY (AP) — Pope Francis says there’s a risk that a reform process in the German church could become “ideological.” Francis spoke in an interview with The Associated Press at the Vatican on Tuesday. He was asked about Germany, where Catholic bishops and representatives of an influential lay organization are engaged in a process
Continue Reading NEW YORK (AP) — Rupert Murdoch has pulled the plug on a proposal to merge his News Corp. and Fox Corp. In statements Tuesday, the companies said their boards received letters from Murdoch withdrawing the plan. They say the letters indicated that “a combination is not optimal for shareholders of News Corp. and Fox at
Continue ReadingCNN, WPVI, WRTV By Kaitlan Collins, MJ Lee, Zachary Cohen, Phil Mattingly and Kristen Holmes, CNN Advisers to former President Donald Trump and President Joe Biden jumped on news of classified documents being found in former Vice President Mike Pence’s Indiana home, with both viewing it as a helpful defense in their own documents investigations.
Continue Reading JERUSALEM (AP) — Palestinian health officials say Israeli troops have shot and killed a Palestinian in the occupied West Bank. The Israeli military said the Palestinian tried to stab a soldier in Wednesday’s violence. The death brings to 19 the number of Palestinians killed by Israeli fire this year. Tensions have been high for months
Continue ReadingCNN By Morgan Rimmer, CNN House Speaker Kevin McCarthy on Tuesday officially denied seats on the House Intelligence Committee to Democratic Reps. Eric Swalwell and Adam Schiff, the former chairman of the panel. The decision reflects the increasingly politicized nature of one of Congress’ most important national security committees and was swiftly met with outrage
Continue Reading NEW DELHI (AP) — India’s Adani Group has protested allegations by short-selling firm Hindenburg Research that caused shares in its companies to plunge by as much as 8%. Hindenburg issued a report late Tuesday saying it was betting against shares in companies within the Adani empire. Asia’s richest man, coal magnate Gautam Adani, made a
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